View more on these topics

FCA director Nick Poyntz-Wright exits

FCA interior 620x430

FCA director of long-term savings and pensions Nick Poyntz-Wright has left the regulator, Money Marketing can reveal.

As part of his remit, Poyntz-Wright oversaw the supervision of financial advisers. This has now been passed to Linda Woodall, who the FCA announced earlier today has been appointed director of life insurance and advice.

An FCA spokeswoman confirmed Poyntz-Wright has left the regulator to take up another role.

Poyntz-Wright has been at the regulator since 2011. Prior to that, he was chief executive of Skandia UK, now Old Mutual Wealth, for six years.

In December it was revealed that Poyntz-Wright gave the ill-fated media briefing that sent insurer share prices tumbling in March 2014.

It was previously understood that former FCA head of supervision Clive Adamson had given the briefing to the Daily Telegraph about the regulator’s review of closed book policies, as the quotes were in his name.

Adamson resigned from his role in December ahead of the publication of an inquiry into the FCA’s handling of the announcement.

Recommended

2

AJ Bell in exclusive talks to buy Cofunds

AJ Bell has agreed a four week exclusivity period in its bid to acquire Legal & General-owned platform Cofunds’ retail arm, Money Marketing understands. The deal means only AJ Bell will be able to negotiate over the terms of an acquisition during the period. One of the options being discussed is L&G taking shares in […]

Ian-Taylor-2012-700x450.jpg

Transact cuts platform charges

Transact has set out plans to reduce its charges for the second time this year. Currently the platform charges investors with portfolios worth between £180,000 and £600,000 an annual commission of 0.325 per cent. For those with less than £180,000, the first £60,000 of investments is charged at 0.5 per cent. From 1 November, Transact […]

Bellamy-David-2012-700x450.jpg
50

Sunday Times takes SJP to task over charges

The Sunday Times has attempted to shine a light on the charging structure of St James’s Place after readers voiced concerns that its advice charges were not transparent. The newspaper featured a story last month looking at indicative costs for advice among the largest firms. At the time SJP told The Sunday Times the newspaper […]

FCA interior logo 620x430

FCA provides factsheets to help firms deal with MCD

Firms can from today choose to apply the new rules being brought in as part of the Mortgage Credit Directive – six months before they come into effect. To help with the transition, the regulator has produced a number of factsheets for both brokers and lenders. They set out the changes brought about by the […]

CGT entrepreneurs' relief

Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment